for us
Shit Punk Says
Oceans of Wisdom
20,678
matching drops
#1574220
2026-10-24 20:01
rep is not protocol defining
Its super complicated social dynamic issue; a little different what 6529 is trying to do here with rep then social vesting but some similar group behaviour will come into play
yeah in this direction
decentralized society
initial narrative was transaction engine
digital gold narrative took a lot of years to win
but it will come organically
as some point the short and sweet explanation will emerge
99.99999% would not know where to begin
if you started asking BTC enjoyoors how to implement the hashing algorithm on an ASIC
correct! everyone says 6529 stuff is confusing but that is because you are inside the mines right now
yeah arguably. simple in ideation, complex in discovery ideal format imo
BTC = Digital gold > but how does it work
TDH is interesting because it reflects a series of actions taken by certain people in certain period under certain conditions with a certain aesthetic / philosophy
TDH is not interesting arithmetically. a 12 year old can do it
this is why you can't slap TDH mathematical formula on other things and then hope to get the same result
note something very interesting. there is a path dependence and the path dependence is that you need to want the meme card gradient pebble etc FOR OTHER REASONS
for this to work
note something very interesting. there is a path dependence and the path dependence is that you need to want the meme card gradient pebble etc FOR OTHER REASONS
TDH is very very expensive to acquire
TDH is very very expensive to acquire
yes, I understand. no elecricity, just TDH which is aligned
but if we get it right it will grow and grow and grow
correct they will be confused at first
I’m not saying it won’t happen, I hope many will come. But it takes time and, above all patience to study and learn a new system based on unique rules, etc. I imagine its adoption won’t be like the launch of a pump-dot-fun , but something more organic.
I’m incredibly excited about it, but most of CT is just looking for short/mid-term profit opportunities and nothing more.
billions of dollars of hash power = TDH
no hash power. interesting
should miners be decentralized? yes
how much? as much as possible
why? because I am a BTC maxi, how many times do we have to repeat this
what does mean? light protocol, not Turing Complete (more than BTC, much less than ETH) and must be infinitely easier to mine than it is now on normal blockchains - ux of miners etc
look no, ok because you are all floating around the answer, here is the essence:
1/ if you have transactions and blocks, you need gas
2/ why do you need gas? spam control
3/ if you have gas, it has to be a fungible token, you can't be paying in parts of meme cards
4/ how do you issue the token? airdrop to NFT holders? LOLOLOL No, that is not how real blockchains work
5/ you have to mine/validate. the only proper use of a fungible token that is not a complete scam IMHO is to incent decentralized block production
6/ so how do you mine? with TDH
there are ton of non-trivial details but high concept is this
look no, ok because you are all floating around the answer, here is the essence:
1/ if you have transactions and blocks, you need gas
2/ why do you need gas? spam control
3/ if you have gas, it has to be a fungible token, you can't be paying in parts of meme cards
4/ how do you issue the token? airdrop to NFT holders? LOLOLOL No, that is not how real blockchains work
5/ you have to mine/validate. the only proper use of a fungible token that is not a complete scam IMHO is to incent decentralized block production
6/ so how do you mine? with TDH
there are ton of non-trivial details but high concept is this
What is the actual damage for the validator in this case? Do you lose the TDH if you behave dishonestly? How is this implemented in the protocol? Is it something similar to slashing?
It is BTC style assumption
What is the TDH security assumption:
1. You produce a wrong block, it gets rejected, you wasted effort
2. You collude with 51% of TDH holders to fuck the chain, you fuck yourself etc etc
what is the POS security assumption:
1. you stake ETH (put it at risk of slashing)
2. If you are malicious, the others slash you, you lose your ETH
3. It actually gets quite confusing on what the various failure states are in ETH
1. you waste your hashes on a out of protocol block it gets rejected you wasted money
2. you collude with 50% to fuck the chain, you can do that but then you fuck yourself because price will collapse
like at the core what is the BTC security assumption
BTC hashing power is more centralized than TDH
BTC is done
if 51% of hashing power in BTC decides to be dishonest
not a BFT style one
it is a BTC style consensus algorithm
is that 51% of TDH is honest
the one that has to be true
the fundamental assumption in the system
TDH votes
how do the solved hashes tie to blocks. how do you enforce good blocks in-between JPEGs?
TDH has > $1B of security easily
3. The Memes / TDH create security by producing public goods. The better they are the more people hodl them, the higher the price, the less movement they have, the more people identify with them, the higher the security .
2. Proof of Stake creates a security budget by neither wasting anything nor producing anything, it is just self-referential
1. to create a Proof of Work security budget, you have to be actively wasteful. that is why BTC burns electricity on something explicitly designed to be pointless
here is another way to think about it:
Honestly, this is one of the most interesting things I’ve ever heard in crypto.
"will the USG pump my bags"
have been come price shillers
a good chunk of old BTC cypherpunks
and even those who understand
correct, almost nobody understands crypto
I think +90% of people still haven’t seized the true power and meaning of the crypto world, in the sense of Bitcoin’s and Ethereum’s foundations. DeFi is just a game for traders, meaning for 1% of the population. Even the “digital gold” narrative is just a construct for a select few. The real bull case for Bitcoin is not digital gold. Just as the real bull case for Ethereum is not decentralized finance. And for NFTs, it’s not digital TCG.
Or at least, not only.
These are all valid use cases, but they won’t drive mass adoption. Mass adoption will come from something that everyone will use. It’s not DeFi, it’s not digital gold, it’s not collectibles—less than 10% of the world’s population cares about these things. We’re just at the beginning. There’s no rush.
sometimes on the frontier you end up mining gold in SF, somtimes you starve to death on the Oregon Trail. Hopefully the former in our case :)
that is why it feels that way
it is a far frontier idea, even by crypto standards
I guess by definition, best investment opportunity requires taking a very contrarian position but still. It’s easy to see how easy it is to miss/dismiss
TDH = hashing power (this is ok now and going well)
JPGs = Solved hashes (we start this now)
then Blocks
not possible without BTC and ETH of course but yes that is what I think, in my heart of hearts
so I know this is a wild statement but sounds like your idea might be way more interesting than Bitcoin and Ethereum in terms of applications that are 0 to 1 and useful to society